loam,  resting  on  a  ciay  suosou,  easy  10  oreajt  anu 
cultivate. 

The  land  lies  very  smooth,  and  is  remarkable  for 
its  gentle  and  even  slope  south  and  southeast,  of  from 
ten  to  twenty  feet  per  mile,  rendering  it  susceptible  of 
the  most  complete  and  economical  irrigation. 

The  climate  is  uniform,  and  in  that  low  altitude, 
3,000  to  4,000  feet,  the  growing  seasons  are  longer 
than  in  northern  Colorado. 

RAILROADS   AND   MARKETS. 

The  main  line  of  the  Missouri  Pacific  and  Santa 
Fe  railways  cross  Otero  County  from  east  to  west;  the 
former  line  passing  through  the  center  of  the  Com- 
pany land,  and  the  other  bounding  it  on  the  south. 
The  products  of  these  lands  are,  within  two  hours 
after  shipment,  placed  by  these  roads  in  Pueblo,  and 
within  six  hours,  in  Denver. 

These  lands  may  be  reached  from  any  part  of  the 
United  States  by  either  the  Missouri  Pacific  or  the 
Atchison,  Topeka  and  Santa  Fe  Railways. 

THE  WATER  SUPPLY 

Is  abundant  and  reliable,  being  from  the  great  Bob 
Creek  Canal,  and  taken  from  the  Arkansas  River. 
This  river  has  a  supply  ten  times  greater  than  the 
South  Platte  River,  as  shown  by  measurements  of  the 
State  Engineer  (see  Report  1887-88),  and  its  water  is 
not  yet  all  appropriated. 

The  priority  of  this  canal  dates  back  to  April  10, 
1889,  prior  to  the  construction  of  other  large  canals 
from  that  stream. 

The  Company  has  also  an  extensive  system  of 
storage  reservoirs,  thus  securing  the  delivery  of  water 
outside  of  the  ordinary  irrigation  season.  No  objec- 
tion will  be  made  to  the  interchange  of  water  for 
irrigation,  by  parties  owning  full  water  rights  for 
their  land. 

LAND  AND  WATER.    PRICES,  TERMS. 

The  Colorado  Land  and  Water  Company  has 
limited  its  sales  and  leases  for  1891,  to  30,000  acres; 
of  which  amount  over  one-half  has  already  been 
disposed  of,  and  is  now  being  rapidly  improved.  The 
balance  is  now  offered  to  actual  settlers  on  liberal 
terms,  at  the  low  price  of  from  $5.00  to  $10.00  per 
acre,  with  full  paid,  perpetual  water  rights,  at  $800.00 


PROSPECTUS 


The  Denver 

Land  and  Water  Storage  Company 
Denver,  Colorado 


Owners   of 


Irrigated  Land 
The  Clark  Colonies 
The  Arapahoe  Canal 
Reservoir  Water  Rights 
Castlewood  Lake  . 
The  Middletown  Quarries 


THE  DENVER  LAND  AND 
WATER  STORAGE  CO. 


INCORPORATED  UNDER  THE  LAWS  OF 
THE    STATE   OF   COLORADO. 


CAPITAL  STOCK,  $2,500,000 

OF   WHICH    $500,000  IS    FOR   THE  PURPOSES  OF  MAKING  ADDITIONS 

TO  THE  COMPANY'S  PROPERTY,    AND   FOR  PURCHASING 

AND     RETIRING    OUTSTANDING     BONDS. 


GENERAL    MORTGAGE   THIRTY-YEAR   SIX   PER   CENT. 
GOLD    SINKING   FUND    BONDS. 

AUTHORIZED  ISSUE        .  •  .         .         .         .         .        $800,000 

OUTSTANDING  TO  DATE       ...  .  600,000 

REMAINING  IN  COMPANY'S  TREASURY          .         .         .          200,000 


DIRECTORS. 

RUFUS  CLARK,  Capitalist DENVER,  COLO. 

W.   E.  ALEXANDER,  Secretary  and  General  Manager  .  DENVER,  COLO. 

F.  C.   FISCHER,  Chicago  Lumber  Co.,  Treasurer     .     .  DENVER,  COLO. 

ALFRED  P.  BOLLER,  C.E.,  71  Broadway      ....  NEW  YORK  CITY. 

CHARLES  E.   DUSTIN,    Prest.    Schuyler  Electric  Co., 

Vice- President HARTFORD,  CONN. 

CHARLES    E.    JACKSON,    Vice-President    Middlesex 

Banking  Co MIDDLETOWN,  CONN. 

CARLISLE  N.  GREIG    President. 

t 

TRUSTEE. 
THE  STATE  TRUST  CO.,  50  Wall  Street     ....     NEW  YORK  CITY. 

BANKERS. 
THE  COLORADO  NATIONAL  BANK    .....     DENVER,  COLO. 

CHIEF  ENGINEER. 
A.  M.  WELLES,  C.E. DENVER,  COLO. 

ASSOCIATE  ENGINEER. 
H.  A.  WOODS,  C.E.  , DENVER,  COLO. 

CONSULTING  ENGINEER. 
A.  P.  BOLLER,  C.E.       .     .     .     .     .     .     .     ...     .     NEW  YORK. 

COMPANY'S  OFFICES. 
1650  CHAMPA  STREET,  DENVER,  COLO.  45  BROADWAY,  NEW  YORK. 


THE   DENVER   LAND  AND  WATER 
STORAGE  COMPANY. 

DENVER,  August  8,  1891. 

The  Company. — The  Denver  Land  &  Water  Storage  Com- 
pany was  formed  April  8,  1891,  to  take  over  the  property  and 
assets  of  The  Denver-Arapahoe  Land  Company  and  The  Denver 
Water  Storage  Company.  Its  Articles  of  Incorporation  are  very 
comprehensive  in  their  character,  enabling  the  Company  to  buy 
and  sell  land  ;  transact  the  general  business  of  a  water  company ; 
buy  and  sell  mortgages,  debentures,  etc.  In  addition  to  the  cer- 
tificate of  their  own  counsel,  an  opinion  as  to  the  legality  of  their 
organization  can  be  furnished  from  Hon.  A.  B.  Pattison,  recently 
a  member  of  the  Supreme  Court  Commission  of  the  State  of 
Colorado. 

The  Company's  Property. — This  corporation  owns  17,700 
acres  of  land,  much  of  which  is  immediately  adjoining  the  platted 
additions  to  the  city  of  Denver ;  Castlewood  Lake  (their  main 
reservoir),  the  largest  body  of  water  of  artificial  creation  in  the 
State  ;  Castlewood  Dam  ;  the  Arapahoe  Canal  and  Laterals  there- 
from—  about  eighty  miles  of  construction;  the  Clark  Reservoir, 
already  (practically)  completed  ;  three  other  reservoirs,  either  sur- 
veyed or  contemplated  ;  stone  quarries  ;  fire  clay,  etc. 

Land. — The  Company  owns  one  group  of  about  twenty-six 
sections  of  land  in  the  Counties  of  Arapahoe  and  Douglas,  and 
another  tract  of  1,180  acres  in  Douglas  County,  some  thirty  miles 
south  of  Denver.  In  this  great  domain,  almost  every  conceivable 


variety  of  land  and  soil  is  included  —  upland;  lowland;  sunny 
slopes  admirably  adapted  for  vineyards ;  level  tracts  within  three 
miles  of  the  University  Electric  Line  which  are  being  purchased  by 
fruit-growers  and  market  gardeners  ;  superb  villa  sites  fringing  the 
picturesque  banks  of  Castlewood  Lake  ;  larger  tracts,  more  remote 
from  Denver,  for  dairy  and  farming  purposes ;  deposits  of  clay 
which  make  a  perfect  terra-cotta  building  material  without  artificia 
coloring  or  aid,  and  a  very  considerable  acreage  of  the  lava  build- 
ing stone  with  which  many  of  Denver's  finest  residences  are  built 

This  land  is  all  fenced,  much  of  it  is  cross-fenced,  and  there  is 
absolutely  "no  waste  land  in  the  property."  It  has  been  appraised 
by  many  competent  experts,  but  the  Company's  own  operations  are 
the  best  standard  of  value,  and  their  sales  to  date  prove  that  they 
will  certainly  realize  an  average  price  of  $200  per  acre,  or  consid 
erably  over  $3,000,000  for  their  land  alone,  which  is  only  one  o: 
their  sources  of  income. 

The  nearest  sections  of  this  land  are  just  seven  miles  from 
Colfax  Avenue  and  the  centre  of  the  city,  but  only  three  miles 
from  the  built-up  and  occupied  portions  of  this  beautiful  and  grow- 
ing city,  and  it  extends  thence,  in  alternate  sections,  southward  for 
twelve  miles  more. 

The  Company  has  arranged  to  place  four  sections,  or  2,560 
acres,  under  immediate  cultivation  through  their  Clark  Colony  plan. 
This  will  give  them  from  $200  to  $300  an  acre  for  their  land  (from 
the  results  of  cultivation  paid  for  by  others)  and  add  immensely  to 
the  value  of  their  remaining  land  by  demonstrating  its  productive 
value  and  large  income-paying  capacity. 

The  capabilities  of  Colorado  soil,  where  properly  cultivated, 
have  been  fully  tested  by  annual  experiments  at  the  State  Agri- 
cultural College.  The  maximum  results  have  been  as  follows : 
Wheat,  91  bushels;  field  crop:  largest  yield  of  rye,  52  bushels; 
oats,  102  bushels ;  potatoes,  over  400  bushels  to  the  acre  ;  barley, 
72  bushels ;  corn  (shelled)  has  been  made  to  yield  67  bushels. 

The  Company's  Water  Plant  is  the  finest  reservoir,  water 
storage,  and  distribution  plant  for  irrigation,  power,  and  domestic 
purposes  in  the  United  States. 

This  is  a  very  strong  statement,  but  is  merely  the  consensus  of 


the  reports  from  engineers  and  experts  of  repute,  who  have  visited 
and  thoroughly  inspected  the  plant.  At  a  most  favorable  natural 
location  in  Lake  Gulch,  near  the  head  waters  of  Cherry  Creek  in 
Douglas  County,  Colorado,  the  Company  has  created  Castlewood 
Lake,  a  most  beautiful  and  imposing  sheet  of  water,  by  the 
erection  across  the  canon  of  their  Castlewood  Dam.  This  sub- 
stantial fabric  has  been  designed  and  constructed  in  the  most 
enduring  manner  of  the  most  approved  material,  a  non-porous 
sandstone  laid  in  cement  mortar. 

Nature  favored  this  enterprise  by  providing  (i)  a  natural  reser- 
voir, "whose  artificial  duplication  would  cost  a  million  of  dollars," 
(2)  quarries  of  finest  building  stone,  situated  on  each  side  of  the 
canon,  and  (3)  clean,  fine-cut  sand  to  mix  with  the  cement.  These 
advantages,  especially  the  stone,  contributed  to  make  the  cost  of 
this  structure  about  one-half  the  amount  which  it  could  be  dupli- 
cated for  under  ordinary  conditions. 

Castlewood  Dam  is  625  feet  long,  68  feet  high,  85  feet  wide  at 
base,  and  8  feet  at  top.  The  inner  or  receiving  wall  is  built  upon 
solid  clay  foundations  of  rock  laid  in  cement  mortar,  and  varies 
from  five  to  twelve  feet  in  thickness,  having  a  batter  of  one  foot 
in  ten. 

The  outer  or  retaining  wall  is  constructed  in  a  similar  manner 
to  the  inner  wall,  in  a  batter  of  "one  in  one,"  but  laid  in  courses 
or  steps  suitable  for  bearing  an  additional  height  should  it  be 
found  desirable  by  the  Company  in  their  future  operations. 

The  interior  "  fill "  is  of  hand-laid  dry  masonry,  no  earth  being 
used. 

Across  the  entire  inner  wall  of  this  structure  an  earthen  apron 
has  been  constructed  having  a  slope  of  "  three  to  one  "  to  a  height 
of  forty-five  feet,  thus  preventing  the  water  from  the  lake  (which 
it  is  designed  never  to  keep  above  this  level)  from  ever  coming  into 
actual  contact  with  the  masonry  of  the  dam  itself. 

The  "  care  of  the  water "  is  a  point  to  which  the  Company's 
engineers  have  devoted  much  time  and  preparation.  The  water  is 
conducted  from  the  lake  into  the  Company's  Canal  (through  a  mile 
or  more  of  the  bed  of  the  natural  stream)  by  a  large  cement  con- 
duit or  pipe,  three  feet  in  the  clear.  This  pipe  is  surrounded  on  all 


sides  with  two  feet  of  solid  concrete  and  receives  its  supply  from 
the  main  valve  chamber  in  the  inner  or  receiving  wall  of  the  dam. 
This  valve  chamber  is  built  upon  its  own  foundation  and  is  perpen- 
dicular as  against  the  inner  wall's  batter  of  "  one  in  ten  "  so  that  it 
is  clearly  denned  at  the  top  of  the  dam,  as  shown  in  the  plans  thereof. 

Eight  iron  pipes  convey  the  water  from  the  lake  into  this  chamber 
thence  through  the  conduit  into  the  canal,  thence  over  the  Com- 
pany's and  other  lands  for  distribution.  Each  of  these  pipes  has  its 
own  separate  valve,  so  that  the  supply  can  be  nicely  regulated  by 
employing  one,  two,  or  more  up  to  eight  pipes  for  service,  each  one 
being  worked  independently. 

The  caring  of  surplus  or  "  flood  "  waters  beyond  the  capacity  of 
these  pipes  is  done  by  a  paved  "  by-pass  "  to  be  cut  into  the  canon 
at  the  right  end  of  the  dam,  to  a  depth  ,of  one  foot  below  the  line 
of  the  main  waste-weir  in  fthe  dam  itself.  This  waste-weir  is  four 
feet  deep  and  one  hundred  feet  long  and  through  these  three 
avenues,  the  pipes,  the  by-pass,  and  the  waste-weir,  much  more 
than  ordinary  precautions  have  been  taken  for  the  careful  handling 
of  no  matter  how  large  a  volume  of  water. 

The  Canal  and  Laterals. — The  Company  have  completed 
about  forty-two  miles  of  the  main  line  alone,  and  eighty  miles, 
altogether,  of  canal  and  laterals.  This  work  is  in  keeping  with 
the  care  and  intelligence  shown  in  the  construction  of  the  dam, 
and  is  remarkable  above  other  canals  (i)  for  the  use  of  syphon 
pipe  lines  for  the  carriage  of  the  canal  across  gullies  or  arroyas,  (2) 
the  heavy,  substantial  character  of  the  (few)  flumes  employed,  and 
(3)  the  fine  character  and  finish  of  the  earthwork.  These  same 
excavations  of  earth  have  been  done  on  side  hills  (instead  of  the 
excavated  earth  being  used  for  an  outer  bank)  as  on  the  level  land, 
thus  ensuring  the  canal  against  wash-outs,  which  frequently  destroy 
constructions  of  the  kind  indicated  in  the  above  parenthesis. 

The  Company  will  ultimately  have  four  or  more  lower  reser- 
voirs (one  of  which,  the  Clark  Reservoir,  is  now  in  process  of  con- 
struction), as  they  design  Castlewood  Lake  to  be  a  great  "catch 
basin,"  and  the  lower  reservoirs,  having  the  combined  capacity  of 
the  lake,  to  act  as  storage  and  distributing  centres  and  station. 

The  water  rights  of  this  Company  are  not  surpassed  in  value  by 

6 


those  of  any  similar  corporation,  and  the  legal  ownership  is  undis- 
puted and  fixed. 

Value  of  Property. — Discounting  the  Company's  own  sales  to 
date  and  the  appraisals  of  informed  and  unprejudiced  Eastern  and 
other  experts,  it  is  perfectly  conservative  to  estimate  the  Com- 
pany's irrigated  land  at  $200  per  acre  ;  its  water  plant  at  cost,  and 
its  water  rights  at  $25  an  acre.  It  will  sell  both  land  and  water 
from  the  beginning  at  a  high  valuation.  We  then  have  this  result  : 

|4-000  1^400  acres  irrigated  land  at  $200  per  acre       •  $2,800,000 

3,000  acres  dry  or  pasture  land  at  $50    .     .     .  150,000 

Water  plant,  including  land  thereunder,  at  cost,  425,000 

Water  supply  for  40,000  acres  ......  1,000,000 

$4,375>°°° 
This  does  not  take  into  any  account 

1.  The  possibility  of  furnishing  more  than  40,000  acres  of  water, 
while  the  present  system  is  estimated  by  experienced  engineers  to 
have  a  capacity  of  from  43,000  to  60,000  acres  ; 

2.  The  use  of  the  lake  for  resort  purposes  ; 

3.  The  use  of  the  water  for  motive  power  purposes  ; 

4.  The  sale  of  building  stone  ; 

5.  The  sale  of  ice  ; 

6.  The  sale  of  terra-cotta  clay  ;  or, 

7.  The   Company's   houses,    live-stock,    etc.,   all    of   which   are 
present  and  developed  values,  with  prospective  and  undeveloped 
incomes. 

Profits  of  Fruit  Raising  on  Similar  Land. — The  follow- 
ing shows  results  of  Fruit  Farming  in  Colorado  upon  land  similar 
in  location  and  character  to  the  property  of  this  Company.  The 
Secretary  of  the  Company  addressed  these  landowners  the  follow- 
ing questions  : 

1.  What  kind  of  fruits  are  you  raising? 

2.  What  was  your  net  profit  last  year  ? 

3.  What  fruits  do  you  consider  best  for  the  eastern  slope  ? 

i.  C.  K.  Combs,  P.  O.  address,  Denver,  Colo.,  has  a  five -year- 
old  apple  orchard,  from  which  he  raised  last  year  seventy  bushels 


to  the  acre,  worth  $3  a  bushel  in  this  market.  He  also  has  three 
acres  of  blackberries  which  yielded  him  $2,500  one  year.  His 
usual  average  for  blackberries,  raspberries,  and  currants  is  $500  an 
acre.  His  land  is  about  six  miles  north  of  Denver. 

2.  W.  A.  Benedict,  P.  O.  address,  Denver,  Colo.,  has  a  straw- 
berry and  blackberry  tract,  which  averaged  him  $500  an  acre.     His 
land  lies  about  six  miles  north  of  Denver. 

3.  L.  G.  Morris  and  Frank  Lawson  (same  P.  O.  address)  report 
results  equally  as  good  as  their  neighbor,  Mr.  Benedict. 

4.  E.  H.  Sumner,  P.  O.  address,  Denver,  Colo.,  has  seven  and 
one-half  acres  in  small  fruits.     They   yielded  over  30,000  quarts 
last  year,  sellling  (in  this  market)  for  from  twenty  to  twenty-five 
cents  a  quart.     His  apples  averaged  him  $420  an  acre.     Mr.  Sum- 
ner's  land  lies  about  six  miles  north  of  Penver. 

5.  These  five  men  are  intelligent,  thrifty,  and  know  their  busi- 
ness.    Their  land  is  held  at  $1,000  to  $1,500  per  acre,  and  is  cheap 
at  the  price. 

6.  W.    B.   Felton,  whose    P.  O.  address   is   Canon   City,  Colo., 
received   for   the   product   of   his   ten-acre   fruit   farm    for    1889, 
$6,023.89.     The  total  expenses,  counting  labor,  boxes,  barrels,  and 
everything,  was  $2,406.78,  leaving  a  clear  profit  of  $3,617.11,  or 
over  $360  per  acre. 

7.  Mr.  J.  J.  Jones,  whose  P.  O.  address  is  Petersburg,  Colo.,  six 
miles  south  of  Denver,  and  .three  miles  west  of  our  land,  realized 
$6,000  for  the  apples  raised  on  his  twelve-acre  tract  last  year,  or 
$676  per  acre,  gross. 

8.  Mr.  B.  F.  Rockafellow,  whose  P.  O.  address  is  Canon  City, 
Colo.,  is  the  owner  and  manager  of  "  Fruitmere,"  the  most  cele- 
brated vineyard  and  orchard  farm  in  Colorado.     He  has  refused 
$125,000  in  cash  for  his  place,  and  his  results  and  profits  only  show 
what  can  be  done  with  irrigated  land  under  intelligent  management. 

9.  Mr.  Elwood  Easley,  Golden,  Colo,  (twelve  miles  from  Denver), 
is  a  progressive  fruit-grower   and   gardener,  and  says :    "  I    have 
about   forty  acres  in  cultivation,   about  half   in   alfalfa    hay,    the 
balance  in  fruit  and  vegetables,  and  took  $4,500  net  from  it  last 
year,  one  acre  of  cherries  yielding  $550  on  sixth  year  from  setting 
out.     Apples,  pears,  and  plums  are  surely  a  success,  and  the  hardy 

8 


varieties  of  grapes  do  well  near  the  mountains,  and  so  do  all  small 
fruits." 

10.  Mr.  David  Brothero,  of  Denver,  who  is  a  prominent  fruit- 
grower and  a  pioneer,  and  came   here  in  1865,  says  :  "A  man  can 
make  money  farming  on  irrigated  land  in  Colorado  if  he  can  any- 
where on  earth.     The  resources  of  this  State  are  wonderful  enough 
when  the  truth  is  told.     No  need  to  exaggerate.     I  have  a  tract  of 
about  twenty-five  acres  of  apples  at  my  place,  five  miles  west  of 
Denver,  from  which  I  took  about  $2,500  this  year ;  but  these  are 
all  young  trees  yet,  and  will  increase,  of  course,  as  they  grow  older. 
Yes,  I  had  rather  raise  fruit  than  farm.     There  will  be  more  money 
in  it." 

11.  James  Ackerman,   Esq.,  of   Hygiene,   Colo.,  who  is  a  suc- 
cessful and  prominent  fruit-grower,  was  asked  the  usual  questions 
by  us,  and  his  reply  was : 

"  In  answer  to  your  first  question  would  say,  I  raise  all  the  tree 
fruits  except  the  peach  and  apricot. 

'*  To  your  second  question,  my  net  profits  were  about  $200 
per  acre. 

"  To  your  third  question,  the  apple,  pear,  plum,  cherry,  rasp- 
berry, blackberry,  strawberry,  currant,  gooseberry,  and  grape. 

"  I  have  derived  the  most  profit  from  apples,  pears,  plums,  rasp- 
berries, and  currants." 

Mr.  C.  F.  Smith,  whose  P.  O.  address  is  Greeley,  Colo.,  made 
affidavit  that  the  yield  for  1890  from  his  ten-acre  tract  under  the 
Latham  ditch  was  1,750  bushels  of  potatoes. 

Potatoes  weigh  about  sixty-two  pounds  to  the  bushel,  and  sell 
in  the  Denver  market  at  $1.00  to  $1.65  per  100  pounds  at  wholesale. 

Mr.  H.  M.  Miller,  whose  P.  O.  address  is  Greeley,  Colo.,  made 
affidavit  that  the  yield  from  his  twenty-five  acres  under  No.  2  ditch, 
for  1890,  was  5,000  bushels  of  potatoes. 

J.  C.  Benton,  also  under  the  No.  2  ditch,  made  affidavit  that  he 
planted  twenty-nine  acres  of  potatoes,  which  returned  to  him  5,050 
bushels,  while  he  cut  eighty  tons  of  alfalfa  hay  from  twelve  acres. 

These  yields,  as  can  be  seen,  are  not  from  test  acres,  but  are 
the  results  of  the  legitimate  cultivation  of  a  considerable  number 
of  acres  ;  and  we  could  quote  more  equally  good  showings  were 


further  proof  of  the  high  value  of  our  land,  near  so  large  a  market, 
necessary. 

The  Company's  Advantages : 

1.  An  unrivaled    location  (see   accompanying   map)    adjoining 
the  large,  prosperous  city  of  Denver. 

2.  The  ownership  of  both  the  land  and  the  water.    Well-managed 
land  companies  owning  no  water  have  been  uniformly  successful. 
Irrigation  securities  and  water  company  undertakings  are  universally 
"safe "and  profitable,   for  water  is  an  absolute  necessity  of  life 
everywhere  —  in  no  country  more  so  than  Colorado,  for  farming  is 
a  failure  without  it.     This  Company  owns  both  land  and  water : 
land,  the  basis  of  value,  and  the  water,  which  enhances  the  value. 

3.  A  practical  control  of  the  water  supply.     We  create  our  own 
water  supply  by  storage,  and  are  not  dependent  upon  any  uncertain 
stream. 

4.  The  ownership  of  a  large,  beautiful  lake,  whose  value  is  very 
great,   situated,  as  it  is,  in  an  otherwise  "  arid  "  region,  and  near 
enough   to    Denver   to  be   utilized   for  fishing,  shooting,  boating, 
resort,  and  ice  privileges. 

5.  A  variety  of  sources  of  income,  such  as  sales  of  land,  sales  of 
water,  rental  of  land,  sales  of  building  stone,  clay,  ice,  and  water- 
power  for  manufacturing  purposes,  besides  the  profits  of  the  resort 
and  sporting  privileges  of  Castlewood  Lake. 

Income. —  The  Company's  operations  to  date  have  been  limited 
to  the  sale  of  land.  They  have  sold  seventy-three  ten-acre  tracts  from 
June  i,  1891,  to  date,  at  prices  which  will  net  them  $250  an  acre,  and 
their  plan  for  selling  small  tracts  is  meeting  with  much  favor. 

It  is  not  too  much  to  say,  with  perfect  safety,  that  their  opera- 
tions from  the  sale  or  leasing  of  the  diverse  kinds  of  property 
owned  by  them,  land,  water  for  irrigation,  domestic,  and  motive- 
power  purposes,  building  stone,  clay,  etc.,  will  pay  their  fixed 
charges,  operating  expenses,  and  a  handsome  dividend  on  their 
stock  ;  as  soon  as  their  very  extensive  plant  is  in  thorough  working 
order. 

Bonds. —  The  General  Mortgage  Thirty  Year  6  per  cent.  Gold 
Sinking  Fund  Bonds  (through  the  operations  of  existing  agreements 
between  the  Company  and  holders  of  the  bonds  of  its  predecessor 

10 


15 


^  o 

i§ 


Sg 
53 


companies),  will  become  a  first  and  only  mortgage  upon  all  of  the 
property  described  in  the  beginning  of  this  prospectus,  and  all  prop- 
erty hereafter  to  be  acquired.  As  the  land  alone  (appraised  at  prices 
lower  than  those  now  being  realized)  is  worth  considerable  over  two 
millions  of  dollars,  leaving  the  water  plant  and  rights  entirely  out 
of  consideration,  the  security  to  bondholders  is  evident  and  larg£. 

These  bonds  may  be  redeemed  by  the  Company  at  a  not  greater 
price  than  no,  through  the  operations  of  a  Sinking  Fund  which 
receives  60  per  cent,  of  a  schedule  selling  price  of  each  sale  made. 
The  legal  affairs  of  the  Company  have  been  from  its  incorpora- 
tion, and  are  now  under  the  charge  of  Hon.  Charles  H.  Toll  and 
Wm.  R.  Barbour,  Esq.,  Denver,  and  Messrs.  Bangs,  Stetson,  Tracy 
and  MacVeagh,  New  York,  to  whom  references  regarding  such 
matters  may  be  made. 

In  this  connection  we  append 

COUNSEL'S    OPINION. 

DENVER,  June  5,  1891. 

We  are  asked  our  opinion  upon  the  regularity  of  the  consolidation 
proceedings  of  The  Denver  Water  Storage  Company  and  The 
Denver-Arapahoe  Land  Company,  resulting  in  the  formation  of  The 
Denver  Land  and  Water  Storage  Company,  and  upon  the  regularity 
of  the  $800,000  mortgage  of  the  latter  Company  to  the  State  Trust 
Company  as  trustees,  dated  May  i,  1891,  known  as  the  General 
Mortgage  of  said  Company. 

With  reference  to  these  matters  we  have  to  advise  that  we 
attended  the  meetings  of  the  stockholders  of  the  constituent  com- 
panies, and  are  of  the  opinion  that  their  proceedings  were  regularly 
conducted  and  that  the  consolidation  of  these  companies  was  duly 
and  properly  effected. 

The  certificate  of  incorporation  of  the  consolidated  Company, 
The  Denver  Land  and  Water  Storage  Company,  was  drawn  in  con- 
formity with  the  statute  and  executed  by  the  proper  persons  and  in 
accordance  with  the  requirements  of  the  law. 

We  have  examined  the  record  of  the  proceedings  of  the  Board 
of  Directors  of  The  Denver  Land  and  Water  Storage  Company,  and 
are  of  the  opinion  that  the  General  Mortgage  of  that  Company  was 
duly  and  regularly  authorized  and  executed. 

The  mortgage  was  prepared  in  New  York.     We  have  examined 

ii 


it  carefully,  and  consider  it  an  especially  well  drawn  instrument,  and 
are  of  the  opinion  that  it  provides  proper  and  sufficient  remedies  for 
the  bondholders  and  that  its  terms  are  in  conformity  with  law. 

CHARLES  H.  TOLL. 
WILLIAM  R.  BARBOUR. 

Fruit  Tracts  For  Sale. —  This  Company  is  endeavoring  to 
prove  that  "  ten  acres  enough  "  is  a  fact  as  well  as  a  theory.  Refer- 
ence to  page  8  will  convince  the  careful  reader  of  the  great  profit 
of  fruit  raising  near  so  large  a  market  as  Denver. 

We  Have  a  Plan,  whereby  we  plow  the  land,  plant  the  trees,  set 
out  the  small  fruits,  fence  and  thoroughly  cultivate  the  land.  You  pay 
us  in  easy  installments  for  the  mere  cost  of  doing  this,  and  when  it  is 
finished  and  the  tract  is  in  a  profitable  condition  YOU  GET  THE 
LAND  without  any  further  payment  thatn  the  taxes  and  a  small  annual 
maintenance  tax  for  the  water-right. 

Send  for  our  pamphlet,  "  The  Golden  Opportunity,"  fully  describ- 
ing the  Clark  Colony  plan. 

We  also  sell  land  outright  at  prices  that  are  attractive  to  any 
investor  who  believes  in  the  safety  of  irrigated  land  as  a  permanent 
form  of  investment.  We  will  quote  prices,  terms,  and  give  full  infor- 
mation to  anyone  writing  to  either  our  Denver  or  New  York  office. 
Land  in  and  about  Denver  has  made  the  fortune  of  many  a  non- 
resident, and  we  have  the  only  land  near  Denver  irrigated  by  the 
scientific  reservoir  system.  Write  for  terms. 

Extracts  from   Reports. 

HENRY  R.  WTOLCOTT,  Esq.,  Denver  :  "I  have  the  greatest  con- 
fidence in  the  future  value  of  the  property  owned  by  your  consoli- 
dated Company.  I  have  visited  the  reservoirs  and  driven  across  the 
land  from  one  end  to  the  other.  I  know  of  no  better  land  than  that 
owned  by  the  Company  and  the  adjacent  territory  which  it  is  pro-^ 
posed  to  irrigate  with  the  water  from  your  reservoirs  and  canals. 

We  have  greater  and  more  varied  resources  than  any 

State  in  this  Union  and  must  grow  rapidly,  and  with  this  growth 
must  come  an  increased  value  to  all  of  your  lands,  and  there  cer- 

12 


tainly  can  be  no  safer  investment  here  than  in  well  secured  water- 
rights. 

"  I  believe  fully  in  the  merit  of  your  scheme.  .  .  It  is  of  the 
greatest  importance  to  the  State  that  such  enterprises  should  be 
built  up,  and  I  feel  confident  that  your  Company  will  have  a  pros- 
perous future." 

H.  A.  WOODS,  Esq.,  C.E.,  formerly  Chief  Engineer  and  General 
Superintendent  of  the  Panama  Railroad  Company  :  "  The  general 
character  of  the  work  shows  of  itself  that  great  care  was  taken  in 
constructing  both  front  and  back  walls  above  foundations,  and 
equal  care  was  taken  in  placing  the  interior  mass  of  loose  rock.  I 
believe  the  foundations  of  the  dam  secure,  and  in  proof  of  this 
would  say  that  the  back  wall,  which  is  70  feet  above  the  natural 
surface  of  the  creek  bed,  shows  neither  settlement,  crushing,  change 
of  alignment,  nor  crack,  in  its  extreme  length,  and  that  the  front 
wall  is  in  equally  good  condition." 

R.  D.  HOBART,  Esq,,  C.E.,  formerly  Engineer-in-Charge,  Sewer 
Department,  City  of  Boston,  and  Engineer  Fitchburg  R.R. :  "I  will  say 
that  from  the  observations  made,  together  with  the  reports  of  your 
engineers,  I  do  not  hesitate  to  say  that  if  the  statements  of  your 
engineers  and  gentlemen  connected  with  the  work  were  correct,  that 
the  structure  now  built  is  a  good  and  substantial  piece  of  work,  and 
in  my  opinion  perfectly  safe  to  hold  the  amount  of  water  which  it 

was  intended  for One  very  satisfactory  evidence  of  the 

stability  of  said  dam  is  that  no  settlement  has  taken  place  since  its 
construction." 

WALTER  H.  GRAVES,  Esq.,  Superintendent  of  Irrigation,  Indian 
Department :  "  The  dam  as  constructed  is  an  unusually  substantial 
structure,  and  so  constructed  as  to  be  fully  able  to  meet  all 
demands  which  could  be  made  upon  it." 

CHARLES  W.  GREENE,  Esq.,  New  York  City,  Irrigation  Expert : 
"  I  personally  rode  over,  or  in  plain  view  of  all  their  lands  ;  about 
14,000  acres  of  them  can  be  irrigated,  and  the  balance  is  fine 
pasturage,  and  capable  of  producing  same  crops  without  irri- 
gation. They  are  of  high  quality  ;  the  soil  is  a  deep  chocolate 
loam,  with  a  very  small  percentage  of  clay,  which  prevents  washing, 
resting  upon  a  clay  subsoil. 

13 


"The  surface  requires  no  leveling,  and  there  is  absolutely  no 
waste  land  in  the  entire  tract.  ....  It  can  be  made  to  real- 
ize $300  an  acre  average." 

WALTER  C.  FROST,  Esq.,  to  the  Globe  Investment  Co.,  Boston  : 
"  The  enterprise  seems,  after  due  and  deliberate  consideration,  well 
conceived,  and  we  believe  it  will  succeed.  .  .  .  .  The  great 
piece  of  engineering  at  the  head  of  this  canon  seems  well  calcu- 
lated to  do  its  part.  It  consists  of  eighty  thousand  tons  of  rock, 

scientifically  set  in  one-and-a-half  million  pounds  of  cement 

The  land,  if  measured  by  the  market  price  of  land  of  the  same  kind, 
with  a  water-right  on  the  high  line  ditch,  at  the  same  distance  from 
Denver,  is  worth,  with  a  water-right,  from  $150  to  $300  an  acre." 

THEO.  ROSENBURG,  Esq.,  Civil  and  Hydraulic  Engineer:  "Ac- 
cording to  your  instructions  I  have  ^made  examination  of  dam 
at  Castlewood,  in  Douglas  County,  and  herewith  hand  you  report 
on  same,  prepared  from  notes  taken  on  the  spot. 

"  I  find  that  the  site  of  the  structure  is  all  that  can  be  desired 
for  such  purpose ;  the  abutments  of  the  dam  resting  against  and 
being  bonded  into  very  hard  rock,  which  extend  on  both  sides  of 
the  dam,  faces  for  a  considerable  distance,  and  also  above  the  top 
of  the  dam,  thus  affording  a  configuration  of  the  ground  eminently 
adapted  for  a  waterlock  of  the  strongest  kind. 

"The  artificial  structure  consists  of  quarry-faced  rock  of  great 
density  and  structural  hardness,  laid  up  toward  the  reservoir  side 
in  courses  with  battering  face  (i  :  3);  and  on  the  discharged  side 
in  regular  coursed  steps,  attaining  a  height  of  sixty-eight  feet  by  a 
thickness  of  over  eighty  feet  ori  line,  respectively,  above  line  of 
natural  ground.  The  faces  of  the  stonework  are  quarried  and  the 
work  is  done  with  considerable  care  and  neatness  ;  the  joints  are 
filled  with  cement  mortar,  which,  from  tests  since  made,  is  of 
a  superior  quality  and  well  suited  to  the  character  and  purpose  of 
the  work.  The  stone  courses  are  laid  with  a  sufficient  number  of 
headers  and  double-headers  stoutly  bonded  and  of  large  size. 
The  joints  show  evidence  of  careful  work,  and  are,  in  beds  and  on 
sides,  full  of  mortar. 

"The  core  of  the  dam  consists  of  a  filling  with  large  size  broken 
stone,  grouted  in  layers,  and  its  top  is  about  eleven  feet  wide. 


Four  sets  of  tile  pipe,  two  pipes  in  each  set,  form  the  discharge  of 
the  reservoir.  These  pipes  are  closed  by  valves,  which  are  reached 
by  a  circular  shaft  of  solid  masonry  extending  vertically  almost  the 
full  height  of  the  dam  above  the  natural  ground  line,  and  the 
valves  allow  the  operator  to  gauge  the  quantity  of  discharge  water 
to  a  nicety.  On  the  discharge  side  the  pipes  enter  a  three-foot  tile 
drain,  which  in  turn  empties  into  a  paved  ditch,  from  where  the 
water  takes  its  course  into  the  natural  bed  of  Cherry  Creek.  A 
by-pass  of  some  forty-five  feet  in  width  at  the  maximum  height  of 
the  water  in  the  reservoir,  resting  on  one  side  against  the  trans- 
versed  end  of  the  dam  superstructure,  and  against  the  natural 
rock  ledge  on  the  other  side,  with  a  sufficient  grade  augmented  by 
a  somewhat  narrower  but  similar  water  way  on  the  opposite  end  of 
the  dam,  form  the  overflow  discharge  of  the  reservoir  and  allow 
spilling.  The  dam  is  further  strengthened  by  an  apron  of  earth  on 
the  side  of  the  reservoir,  and  extends  some  three  hundred  feet 
horizontally  on  a  line  of  the  level  of  bottom  of  superstructure,  and 
vertically  to  within  about  twelve  feet  of  the  top  of  the  dam.  The 
formation  of  the  rock  ledge  on  the  side  of  the  dam  nearest  to  the 
bed  of  Cherry  Creek,  facing  the  reservoir,  is  of  such  a  nature  as  to 
prevent  any  great  or  direct  pressure  resulting  from  spring  floods  or 
other  sudden  rise  of  the  creek  against  the  back  of  the  dam,  inas- 
much as  the  creek  has  to  turn  around  the  ledge  and  pass  the  foot 
of  the  ledge  on  a  curve  of  large  radius,  and  for  a  considerable  dis- 
tance before  it  comes  in  contact  with  the  dam.  Before  it  can  do 
that  it  has,  furthermore,  to  overcome  the  rise  of  the  earth  apron, 
so  that  a  direct  impingement  is  conditioned  by  several  stages  of 
obstructions  which  the  creek,  even  at  its  greatest  velocity  and  dis- 
charge, would  have  to  overcome. 

"  From  what  I  could  observe,  as  a  result  of  my  observation, 
covered  by  the  within  report,  I  conclude  that  the  dam  in  its  con- 
struction and  location  presents  remarkable  features  of  safety  and 
strength,  and  that  it  is  abundantly,  even  excessively,  heavy,  and 
therefore  amply  able  to  resist  any  hydrostatic  and  hydraulic 
pressure,  either  singly  or  combined,  which,  by  the  nature  of 
its  purpose,  or  by  contemplation  of  any  condition,  with  its  lo- 
cation, can  possibly  ever  be  applied  to  it,  considering  such  press- 

15 


ure  on  a  line  from  the  top  of  the  natural  ground  to  the  top 
of  the  dam." 

HERBERT  I.  REID,  Esq.,  City  Engineer,  and  G.  P.  D.  TOWN- 
SEND,  Esq.,  C.E.,  Colorado  Springs  :  "  Generally  speaking  the  dam  is 
of  enormous  strength.  The  factor  of  safety  is  much  larger  than  is 
usually  employed  in  structures  of  this  type.  The  plans  show  evi- 
dence of  ability  and  labor ;  the  work  of  construction  is  seemingly 
carried  out  in  the  most  thorough  manner  that  means,  expense,  and 
engineering  skill  can  command.  So  far  as  we  are  able  to  judge, 
money  and  skilled  labor  are  not  spared  in  making  the  structure  the 

best  possible Near  Denver  there  is  a  great  demand 

for  small  tracts  of  land  covered  by  irrigation  ditches  for  market 
gardening,  etc." 

DONALD  FLETCHER,  Esq.,  Denver :  "  Relative  to  stocks  and 
bonds  in  irrigating  canals  in  this  State,  I  know  of  several  which 
pay  promptly,  and  do  not  know  of  any  that  default.  I  know  the 
Denver  Water  Storage  Company  only  in  a  general  way  and  that 
entirely  favorable.  There  is  no  reason  why  it  should  fail  to  be  a 
very  excellent  concern,  and,  if  properly  managed,  as  the  character 
of  its  promoters  warrants  us  in  expecting,  it  should  prove  a  profit- 
able investment." 

THE  NEW  YORK  "  SUN  "of  April  5,  1891,  in  an  article  on  benefits 
of  irrigation  in  California  and  Colorado,  makes  the  following  allusion 
to  the  property  of  this  Company  :  "  In  1880  there  were  600  miles  of 
irrigating  ditches  in  Colorado.  In  1889  there  were  34,000  miles  in 
operation,  constructed  at  an  expense  of  $10,000,000.  It  may  be  safely 
stated  that  there  are  not  more  than  25,000,000  acres  of  irrigable 
land  in  Colorado,  thoroughly  to  utilize  which  will  require  every  drop 
of  water  which  falls  inside  the  State.  The  limited  area  of  the  irriga- 
ble arable  land  in  Colorado  in  proportion  to  the  total  acreage  of  the 
State,  and  the  demands  of  the  cities,  towns,  and  mines  for  its  products, 
have  given  such  land  an  excellent  market  value  which  is  rapidly  en- 
hancing, especially  near  Denver,  Pueblo,  and  Colorado  Springs.  Colo- 
rado farmers  and  nurserymen  are  fortunate  in  this  respect.  The  State 
is  largely  mountainous  and  the  products  of  the  land  find  a  ready  sale 
in  the  large  cities  and  mining  camps,  which  consume  but  don't 
produce,  and  have  hitherto  depended  for  their  support  on  far-away 

16 


Iowa  and  Illinois.  Land  with  a  water-right  attached  to  it  is  worth 
from  $25  to  $250  an  acre  near  Pueblo  ;  from  $25  to  $500  an  acre 
near  Colorado  Springs,  and  from  $50  to  $1,500  an  acre  near  Denver, 
and  is  cheap  at  those  prices,  considering  the  income-paying  quality 
it  has  developed. 

GREAT    WORKS    AROUND    DENVER. 

The  Platte  River  runs  through  the  city  of  Denver,  and  as  a 
consequence  intersects  the  most  valuable  land  in  the  State  ;  but  it 
doesn't  water  it,  by  any  means.  Its  normal  flow  has  been  over- 
appropriated  notoriously.  The  canals,  especially  the  larger  ones, 
taking  water  from  this  stream,  will  be  obliged  to  supplement  their 
present  methods  of  delivery  by  the  storage-reservoir  system  to 
furnish  all  the  water  they  have  contracted  to  deliver. 

The  storage-reservoir  system,  as  adopted  in  California,  is  an 
absolute  necessity.  The  land  was  there  —  the  enormous  water 
drainage  was  clearly  and  accurately  indicated  in  Hayden's  official 
surveys  —  the  profits  were  sure  to  be  large.  This  necessary  and 
tempting  combination  induced  the  formation  of  the  Denver  Water 
Storage  Company  by  a  party  of  Denver,  New  England,  and  New 
York  capitalists.  This  Company  will  have  in  operation  this  summer 
the  first  large  irrigation  system  in  the  State  depending  upon  the 
storage  reservoir  for  their  base  of  supply.  The  experience  of  Call 
fornia  long  ago  proved  that  while  it  was  true  that  by  irrigation  was 
the  scientific  way  to  farm,  the  reservoir  system  was  equally  the 
scientific  way  to  irrigate.  The  relations  of  the  seller  and  buyer  of 
water  under  this  plan  have  been  harmonious  and  satisfactory,  and 
the  supply  sure  and  accurately  determined.  The  Company  Executed 
the  plans  of  A.  M.  Welles,  which  included  a  large  masonry  dam, 
creating  the  main  catchment  basin,  and  a  complete  distributing 
system  of  canals,  laterals,  and  reservoirs. 

About  one  mile  and  a  half  down  a  picturesque  canon  the  divert- 
ing dam  of  stone,  earth,  and  piling  throws  the  water  from  the  creek 
bed  into  the  head  gate  of  the  Company's  Arapahoe  canal.  Flumes 
have  been  practically  dispensed  with,  and  are  used  only  in  crossing 
short  and  deep  gulches,  where  a  wasteway  is  desired  in  the  canal. 
In  their  place  sunken  or  syphon  pipe  lines  are  employed  as  a  form 


of  construction,  less  expensive  to  maintain  and  much  more  perma- 
nent. This  Company  owns  about  17,000  acres  of  land  in  Douglas 
and  Arapahoe  counties  —  some  of  it  adjoining  the  platted  additions 
to  the  city  of  Denver.  Their  enterprise  and  courage  has  converted 
the  most  valuable  tract  of  "  dry  unproductive  land  in  Colorado  into 
a  source  of  profit  to  themselves,  and  the  cultivation  of  this  land  will 
prove  to  be  of  great  aid  to  the  additional  development  of  Denver." 
This  idea  was  conceived  by  W.  E.  Alexander,  and  was  carried 
through  under  the  financial  management  of  Carlisle  N.  Greig,  with 
the  aid  of  a  number  of  Eastern  capitalists. 

The  cut,  "  Castlewood  Lake,"  here  shown,  is  a  reproduction  of  a 
Kodak  view  taken  from  the  top  of  the  dam.  The  Denver  company 
which  will  manage  this  property  will  cultivate  about  3,000  acres,  in 
fruit,  berries,  vegetables,  and  alfalfa  this  year,  build  roads,  and 
develop  their  holdings." 


Denver. 

POPULATION      . 

Building  operations  for  1890         •  . 
Realty  sales  for  1890 
Wholesale  jobbers'  sales  for  1890    . 
Value  of  manufacturers'  output  for  1890 
Bank  clearings  for  1890  .... 
Product  of  the  farm  for  1890  in  Colorado 
Mineral  output  for  1890  "          " 

Coal  output  for  1890  "          " 

Stone  output  for  1890  "          " 


1 50,000 


65,500,000.00 

38,37o,456.c 

44,o75,8o2.< 

255>599>°°i-3< 

45,ooo,ooo.o< 

29,880,734.00 

5,751,710.47 

3,000,000.00 


Burlington 


HAVE  You 


Route 

EVER  VISITED 


THE 


Mountain  *  Resorts 


OF- 


Colorado  ? 

--  •    —-  —  .... 

THE  WONDROUS  SCENERY 
THE  MAJESTIC  ROCKIES 
BREATHED  THE   INVIGORATING 

MOUNTAIN  AIR  ? 

YOUR  FALL  VACATION  SHOULD  INCLUDE  COLORADO, 
CHEAPLY,    QUICKLY,    AND    COMFORTABLY    REACHED    BY 

"The  Burlington  Route" 

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SEND    FOR    PAMPHLETS,  TIME-TABLES,    ETC.,  TO 

P.  S.   EUSTIS,         OR        E.  J.  SWORDS, 

GEN'L  PASS.  AND  TICKET  AGENT,          GENERAL  EASTERN  AGENT, 
CHICAGO,  NEW  YORK. 


